Indore-based Prataap Snacks has filed its draft red herring prospectus (DRHP) with the markets regulator Sebi seeking permission for its Initial Public Offering (IPO). The public issue consists of R250 crore and offer for sale up to 2,982,000 equity scrips by the existing shareholders including SCI Growth Investments, Sequoia Capital, GFIV Mauritius, and by some other promoter entities.

The funds raised through the issue would be utilised for repayment of debts, capital expenditure, repayment of debts of its subsidiary Pure N Sure and for general corporate purposes.